Jay Karnik

CEO

Mumbai, Maharashtra, India11 yrs 11 mos experience

Highly Stable

Key Highlights

Led successful automation initiatives at Flipkart.
Reduced delivery costs and improved efficiency using drones.
Bootstrapped a profitable startup in the LED industry.

Stackforce AI infers this person is a Product Management expert in E-commerce and Supply Chain Automation.

Contact

Skills

Core Skills

Product ManagementSupply Chain ManagementBusiness DevelopmentEntrepreneurshipData Analysis

Other Skills

Algorithm DevelopmentAlgorithmsAutomationBusiness AnalysisBusiness Process ImprovementBusiness StrategyCC++Circuit DesignClient RelationsData-driven Decision MakingDrone TechnologyEmbedded SystemsEngineeringFinite Element Analysis

About

I GET THINGS DONE. Transformational initiatives in any organization require managing and influencing cross-functional stakeholders to launch products/platforms that elevate the company and deliver a disproportionate business impact. My background in running a startup enables me to cut through silos and deliver results where folks with conventional backgrounds stumble. Creator by heart & a technologist by profession, I love deconstructing ambiguous & abstract problem statements into clear actionable insights/initiatives to build products that deliver business value. I am passionate about leveraging technology and data-driven customer insights to build products/solutions that push businesses in new directions. Doing all of this without an awesome team is impossible, hence, I am a big believer in building a culture of cohesiveness and innovation within the team to ensure that the team executes with speed & rigor to achieve spectacular results.

Experience

Flipkart

2 roles

Senior Product Manager

Promoted

Feb 2022 – May 2024 · 2 yrs 3 mos

Lead the charters of Automation & Sortation Centers from end-to-end. Managed the warehousing needs of the Grocery & Large supply chains.
Awarded for Execution Excellence multiple times for delivering complex cross-functional projects such platform migrations, Drone pilots, WCS implementations.
Automation & Drones
Created a vision for the drone charter in Flipkart & laid out the foundation which would enable teams to leverage this technology.
Reduced delivery cost (INR 22 – 18) and increased delivery speeds (8hrs – 3hrs) by utilizing Drones in the Last-mile of the Supply Chain.
Successfully piloted Walmart WCS within Flipkart to evaluate feasibility of inhouse WCS communicating directly with vendor hardware.
Reduced time onboarding of automation systems within Flipkart by creating and evangelizing a Roadmap for onboarding.
Profitability Initiatives
Reduced onboarding time for manpower from 14 days to 8 days by enabling operations to rely on systems rather than on-ground intelligence.
Decoupled reliance of operations on Product and Tech to monitor metrics by transforming the way visibility is built in Flipkart.
Achieved loss reduction of 120 Cr/yr by modifying current supply-chain processes to use RFID for reconciliation purposes.
Reduced return-network cost by 60 Cr/yr by over-hauling the network to optimize for reduced sorts and shorter travel for shipments.
Cost reduction in Grocery SC by over 40% (INR 208 – 125) by merging multiple disjoint processes & tech-stacks into a central system.
Accelerated tech development timelines by building systems as platforms, enabling core functionality built to be reused by other teams.

AutomationSupply Chain ManagementProject ManagementData AnalysisLeadershipProduct Management

Product Manager II

Dec 2019 – Jan 2022 · 2 yrs 1 mo

Monetized Flipkart’s supply chain arm by offering B2B & B2C Dropship services to enterprises. Spearheaded automation in Sortation Centers & Drone initiatives within Flipkart.
Created a product roadmap by understanding the needs of the clients and the features offered in the market by the competitors.
Built out client specific features to onboard high-volume clients such as Flipkart Wholesale and Snapdeal to the platform.
Updated the current ekartlogistics.com website to showcase 3PL offering from eKart & Automation initiative within Flipkart.
Laid out the groundwork to enable end-to-end fulfillment services for clientele. These services are now live with Flipkart.
Conducted multiple pilots with drones to understand limitations of the technology and narrow down to the right application.
Doubled throughput of multiple automated sorters by making structural changes to the tech stack which was limiting the systems.
Reduced friction for experimentation within Flipkart by setting up a Committee for Innovation to cut-through the internal red-tape.

Product ManagementClient RelationsAutomationMarket AnalysisBusiness Development

Opensesafi

Senior Business Officer

Dec 2018 – Dec 2019 · 1 yr · Mumbai Metropolitan Region

Was bought onboard to adapt the product for the Indian market and develop a go-to-market strategy as well as build out the India team. Created a product roadmap with a team of software & finance professionals and delivered the same on time and within budget.

Market StrategyTeam LeadershipProduct DevelopmentBusiness DevelopmentProduct Management

Inrom systems pvt. ltd.

CEO & Founder

Dec 2010 – Mar 2017 · 6 yrs 3 mos · Mumbai Metropolitan Region

Bootstrapped the business to grow organically to revenues of over 1 Cr in 4 years.
Recruited and led a team in the product development, process setup & implementation and business development domains, in the hyper-competitive and rapidly changing LED lighting industry.
Designed 3D models and built modular systems to reduce holding inventory.
Developed lean manufacturing practices for component assembly by setting up continuous improvement processes (Kaizen).
Worked with suppliers to implement Quality control processes, and convinced them to work with sporadic volumes and Just-in-Time(JIT) deliveries by building relationships with them.
Did energy audits for clients to convince them of LED lighting’s energy saving potential.
Created a bonus structure based on percentage of individual & team sales tp increase sales force efficiency.

Business DevelopmentProduct DevelopmentLean ManufacturingEntrepreneurshipProduct Management

Citigroup global capital markets

Analyst

Jul 2010 – Nov 2010 · 4 mos · Mumbai Metropolitan Region

Developed an algorithm for executing stock-future arbitrage. Worked on a high frequency algorithm for taking advantage of the inefficiencies in market pricing of Options.

Algorithm DevelopmentMarket AnalysisData Analysis